2 part question

Abbott Landscaping purchased a tractor at a cost of $31.000 and sold it three years later for $16,700. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $4,000 residual value. Tractors are included in the Equipment account Required: 1. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction ist Journal entry worksheet > Record the sale of equipment Note: Enter debits before credits Transaction General Journal Debit Credit Cash Abbott Landscaping purchased a tractor at a cost of $31,000 and sold it three years later for $16,700. Abbott recorded depreciation using the stralght-line method, a five-year service life, and a $4.000 residual value. Tractors are included in the Equipment account. 2. Assume the tractor was sold for $10,900 instead of $16,700. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the sale of equipment. Note: Enter debits before credits Transaction General Journal Debit Credit